Post Utme Abu 2024 Economics Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Abu Economics examination.

Post Utme Abu 2024 Economics Objective / Multiple Choice
Question 30 POST_UTME_ABU • 2024 • ECONOMICS • objective

A firm's money supply is given by M = 1000 + 0.5Y, where Y is the firm's income. If the firm's income is ₦1 million, what is the value of the firm's money supply?

Answer Options

A. ₦1,500
Correct Answer B. ₦1,500.50
C. ₦1,500.50
D. ₦1,500.50
Correct Answer
B
Correct Option:
₦1,500.50

About This Question

This is Post Utme Abu 2024 Economics Question 30. It is one of the objective questions from the 2024 Post Utme Abu Economics examination.

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